(Second of what will become a three-part series.)
In my last post I wrote of Russia as being perhaps the most intriguing of the emerging BRIC economies but cautioned that the strong hand of Putin/Medvedev in exiling BP's CEO might lead to a reassessment of the advisability of investing in Russia by Western countries and global companies. Obviously, Russian aggression in Georgia the past few days greatly magnifies concerns about the wisdom of investing in the burgeoning economy of the world's largest country.
Will Russia willfully forfeit its status as a nation in good standing and on the rise in the global economy? Will the G-8 go back to being the G-7?
- Jon Harmon